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Life Insurance In Australia
Miguel Said:
Trying to find some opinions/problems with insurance companies in Australia?We Answered:
Australia is a highly regulated country, and APRA (Australian Prudential Regulation Authority) tries to ensure insurance companies do not "not pay out".However, there are times, that insurance companies reject a claim, based on legitimate reasons, and at that time, the insured is angry, many times not seeing and accepting the reasons.
In general, insurance companies pay claims (otherwise they will be out of the market), and you have many options in Australia: local admitted insurers, offshore insurers etc.
Beverly Said:
In AUSTRALIA where would my life insurance benefit end up if I have not nominated a beneficiary?We Answered:
Not sure in Australia, but in the USA, it would become part of your estate, like any other property.Maxine Said:
Life insurance, can I get it after recovering from illness?We Answered:
It depends on the nature of the illness, your current prognosis, and each company's underwriting criteria.Carol Said:
A legal or otherwise way to live in Australia?We Answered:
I don't know what one person is talking about when they say "climb a fence". It's Australia we're talking about not USA. Australia as in a big island.I recommend a Remaining Relative Visa (Offshore) (Subclass 115). It's mainly for people who's "This visa is for people whose only near relatives are usually resident in Australia and are Australian citizens, Australian permanent residents or eligible New Zealand citizens." This is partly due to your age combined with the fact that your siblings already live in Australia. See link for more details.
And if approved see about transfering your UK pension to Australia for yourself.
Marie Said:
i am a sales manager in life insurance, i want to migrate in Australia can i migrate?We Answered:
An insurance salesman. Just what the country needs more of.Ivan Said:
How to get a management job in life insurance industry in Australia?We Answered:
Well, posting to the USA board isn't likely to get you leads for a job in Australia.